$XRP #xrp đ„đ„đ„We are waiting about 24-36 hours.We have never lost hope we will never lose it.Trust the process and continue to win (To the mooon)đ„đ„đ„
When the decline is just the beginning: Why whales are betting everything on XRP. đ
Hold on to your chairs, folks, because this news is going to make you sweat cold! đ„” An analyst is seeing something in the cryptocurrency market that could change the face of XRP and the pockets of those who bet on it.
The cryptocurrency market was on a downturn, and XRP slipped below $3. But as the saying goes, "after the storm, the sun always comes out", and a popular analyst, Rekt Fencer, sees a "too perfect pattern" that makes us think the drop is just to gain momentum.
In a single 15-minute candle, $XRP dropped over 7%, and across the board, cryptocurrencies saw the same violent selloff. Within just 20 minutes, over $420 million in leveraged positions were liquidated. Absolutely insane! đ„
For #xrp , price fell sharply from the $3.21 support straight down to the $3.00 level - a massive, dramatic move in seconds. đ€ŻAnd yet⊠price was able to hold major support.
From that $3.00 low, XRP quickly reclaimed the critical golden retracement levels at $3.11. To me, this has all the markings of another liquidity hunt. Just look at the chart and youâll notice how the wick pierced those lower levels, but the candle bodies still respected key support zones. Liquidity grabbing behavior. đ
When you zoom out, it looks far more like a double bottom setup than any kind of trend breakdown. This drop still respected major Fib levels. Price did not break the macro .5 retrace at $2.76 (correction low). Todayâs low actually held the .382 retrace nicely at $3.00. đŻ
Letâs be real, thereâs no real fundamental reason for this sudden drop. Some are blaming inflation data, others the recycled headline that the U.S. wonât be buying #Bitcoin for reserves. This looks much more like a market-engineered event to sweep liquidity. đĄ
The important takeaway is that the macro bullish structure is still intact. As long as we donât make a new low below $2.76, our upside targets have not changed. The extensions from the recent lows are still aligning with the $4.70 zone for the next major breakout target. đ
Now, the big thing to watch is $3.11 support. If XRP can hold that level after this shakeout, it could ignite some serious momentum. This is the kind of volatility that we are all here for. This could spark a new wave up, especially since shorts are now trapped after the recovery above support!
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Bullish
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